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Dec 9, 2012
12/12
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WBAL
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he wants to get the fiscal cliff business done with so don't be in a rush to await that decision. chris: when we return, the the week, will barack obama's scores in the second term be on foreign policy or here at home? chris: welcome back. syria, egypt and afghanistan are just the foreign policy challenges we already know about russia out china and there which brings us to the big question this week -- will the president's second term triumphs be abroad or here at home? >> i think his second term will be defined by foreign policy and looming confrontation over iran. chris: politco has spoken. >> despite all of the domestic issues, he will have a bigger role to play on the world stage and brought into that with events whether it be syria, iran. >> leadership just changed in china for the first time in 10 years, the most important economic relationship we have in the world and he's got to make headway there to make sure they stay on their reform path so they continue to grow and the world economy will be stronger. >> i agree, it's unanimous, the big foreign policy challenges are com
he wants to get the fiscal cliff business done with so don't be in a rush to await that decision. chris: when we return, the the week, will barack obama's scores in the second term be on foreign policy or here at home? chris: welcome back. syria, egypt and afghanistan are just the foreign policy challenges we already know about russia out china and there which brings us to the big question this week -- will the president's second term triumphs be abroad or here at home? >> i think his...
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Oct 26, 2012
10/12
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CNBC
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if we have to go into this fiscal cliff business, 2% growth, 1.5% growth affords us no safety margin whatsoever. >> that's exactly right, larry. i mean you can't take a 600 billion dollar tax hike and set a spending cuts even if you're a case withy keynesian to think growth would not be significant in the first half the year. no room to absorb it. >> wlits 2% or 1.5% or whatever do you see a recessionary threat, in other words this is a growth stall and in the old days economists used to call this kind of thing a growth recession. you yourself worry about a recession. >> we know we have a revenue recession. we have a profits version. we have a capital goods recession. now we have to look forward to austerity. my own take is that washington is giving us a binary choice. either to embrace 1 trillion deficits going back four years and trillion deficits every year until we have a bond crisis and market crisis or go over the fiscal cliff. we have to do something. >> would you go over the cliff? alan greenspan would go over the cliff. alan greenspan said let the tax revenues go up. >> if w
if we have to go into this fiscal cliff business, 2% growth, 1.5% growth affords us no safety margin whatsoever. >> that's exactly right, larry. i mean you can't take a 600 billion dollar tax hike and set a spending cuts even if you're a case withy keynesian to think growth would not be significant in the first half the year. no room to absorb it. >> wlits 2% or 1.5% or whatever do you see a recessionary threat, in other words this is a growth stall and in the old days economists...
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Dec 3, 2012
12/12
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i say fiscal cliff, david, you say? >> we have a short-term ficscal cliff. we need to deal with the fiscal cliff. have a credible down payment on the tax and spending side. bridge to a grand bargain next year. the fiscal cliff is the symptom. structural deficit is the disease. we need to learn from australia, canada, new zealand, sweden. we need to do it next year. >> all right. >> get dr. dave to washington right away so that we avoid what cramer on "meet the press" this weekend had great line. he said on january 8th when the reporting starts, there will be a foot race to fire people if we don't get this cliff taken care of which is why if we're going over the
i say fiscal cliff, david, you say? >> we have a short-term ficscal cliff. we need to deal with the fiscal cliff. have a credible down payment on the tax and spending side. bridge to a grand bargain next year. the fiscal cliff is the symptom. structural deficit is the disease. we need to learn from australia, canada, new zealand, sweden. we need to do it next year. >> all right. >> get dr. dave to washington right away so that we avoid what cramer on "meet the press"...
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Aug 15, 2012
08/12
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FOXNEWS
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the uncertainty of a tax cut extension and the threat of a fiscal cliff is puing fiscal fear in many businesses. we have the president of a software community. nice to see you, sir. >> nice to be here, thank you for having me. >> greta: i understand, southwire is a family-owned, private company with 5,000 employees. what impact does it have on your company that you don't know what will happen come the end of the year with the taxes? >> it impacts our economy because it impacts our customers. to give you context, our motto is we deliver power. we make wire and cable products that move power and inside every kind of building you can imagine, homes, many of your viewers probably have our wire mind their walls and commercial installations and retail space and apartment building and it is like. and factories, et cetera. so we have quite a window into the conduction markets around the united states. i can tell that you our customers are very, very concerned about this fiscal cliff and believe it can cause them great damage on their businesses. >> greta: is it the uncertainty of what is goi
the uncertainty of a tax cut extension and the threat of a fiscal cliff is puing fiscal fear in many businesses. we have the president of a software community. nice to see you, sir. >> nice to be here, thank you for having me. >> greta: i understand, southwire is a family-owned, private company with 5,000 employees. what impact does it have on your company that you don't know what will happen come the end of the year with the taxes? >> it impacts our economy because it impacts...
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Nov 29, 2012
11/12
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CNBC
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. >> that's on top of whatever they decide to do on this fiscal cliff business. katie, the next biggest one, $87 billion is an increase in the payroll tax. .9%, 2.9 to 3.8%, small business busy and self-employed. how does that promote growth. they're going to be hiring less and there are going to be fewer employees. >> don't they talk about this? why don't they do the add-ones that you're doing on the obama care taxes? >> i'm actually not sure about this. i'm pretty confused about why the romney campaign didn't hit the obama care tax argument harder on the campaign trail because the supreme court ruled it a tax for good reason. it had gone through the numbers here on your show. this hit small businesses and in return hits the middle class, the very people that these small businesses employ, the people who will get hid the hardest, even though making $200,000 per year are the ones employing the middle class that president obama keep propping up to get his agenda passed. >> now we have this $20 million medical device tax. this has been around. i believe you write t
. >> that's on top of whatever they decide to do on this fiscal cliff business. katie, the next biggest one, $87 billion is an increase in the payroll tax. .9%, 2.9 to 3.8%, small business busy and self-employed. how does that promote growth. they're going to be hiring less and there are going to be fewer employees. >> don't they talk about this? why don't they do the add-ones that you're doing on the obama care taxes? >> i'm actually not sure about this. i'm pretty confused...
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Oct 14, 2012
10/12
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CNBC
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. >> something else holding growth back is the fiscal cliff. you mentioned it earlier. it's looming for businesses and investors out there. how do you think it's going to be resolved when all is said and done? >> i think once the election is over, bill, regardless of who wins, we'll deal with the cliff. if the president is reelected, then the republicans will deal with it because they know that the president's leaving in four years. if the republicans win, there will be running to try to fix things. i think it will be dealt with. it might be messy. i don't think it's in either party's interest to have massive tax hikes go in as planned. it will be dealt with. the economy will avoid a recession. congress and washington in general is not that irrational. >> so many head winds. in your view, bottom line, is the u.s. still the best house in a bad neighborhood? what should investors be doing? >> one should not panic. start to take money out of the bond portfolios that have been seeing massive inflows. perhaps some of the more cyclical names, move away from the dividend playe
. >> something else holding growth back is the fiscal cliff. you mentioned it earlier. it's looming for businesses and investors out there. how do you think it's going to be resolved when all is said and done? >> i think once the election is over, bill, regardless of who wins, we'll deal with the cliff. if the president is reelected, then the republicans will deal with it because they know that the president's leaving in four years. if the republicans win, there will be running to...
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Nov 28, 2012
11/12
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FOXNEWSW
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how the fiscal cliff impacts their businesses. griff jenkins speak was the vice president and general manager of family owned company, princeton tech. >> we've been making products for the military over 10 years now. the military is being a u.s. manufacture they came to us, saw our product at various retailers, our headlamps and said that is a great headlamp. make changes and it will be a better headlamp for the military. >> sek quest traigs then, can military cuts which seem to be forth coming could then force troops to have to buy their own headlamp? >> yes. we're seeing it already. >> already? >> yes. >> we're seeing it where budget comes are coming into play. we're getting calls from troops and things that, where can i buy the product? i need to buy 144 of them. we're sending them to places because they don't have the budget. they need the product. the government not giving them budget to buy. >> you make the military lights, you make the outdoor sports, hiking that sort of stuff. you make scuba diving lights. you make industr
how the fiscal cliff impacts their businesses. griff jenkins speak was the vice president and general manager of family owned company, princeton tech. >> we've been making products for the military over 10 years now. the military is being a u.s. manufacture they came to us, saw our product at various retailers, our headlamps and said that is a great headlamp. make changes and it will be a better headlamp for the military. >> sek quest traigs then, can military cuts which seem to be...
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Dec 26, 2012
12/12
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CNBC
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again. >> the market is responding to the pending fiscal cliff. >> business has stopped investing. business has stopped spending. business has stopped hiring. >> nobody knows what's going to happen. there's outlandish guesses on both sides. >> it wouldn't surprise me if we go past january 1. >> you can't tax your way out of this. you can't cut spending your way out of this. you can't grow your way out of this. >> another two million people will lose their job. unemployment will go to over 9%. why would we do that? >> president obama is meeting with high-profile chief executive officers today. >> we don't legislate, but we know a lot about what the consequences are of the failure to reach an agreement. >> we're just here to support doing the right thing. putting america back to work. >> we've got to make sure that taxes don't go up on middle-class families. our economy remains strong. that we're creating jobs. >> the time for the president and democrats to get serious about the spending problem that our country has. >> is the administration prepared to go over the fiscal cliff? >> a
again. >> the market is responding to the pending fiscal cliff. >> business has stopped investing. business has stopped spending. business has stopped hiring. >> nobody knows what's going to happen. there's outlandish guesses on both sides. >> it wouldn't surprise me if we go past january 1. >> you can't tax your way out of this. you can't cut spending your way out of this. you can't grow your way out of this. >> another two million people will lose their...
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Sep 5, 2012
09/12
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CNBC
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eye 264
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first of all we have the highest corporate tax rate in the world, an unsolved fiscal cliff. business uncertainty over taxes, spending, deficits and political deadlock. what did we do four years ago and what's going to be done to stop this decline? we have cnbc contributor jared bernstein, and we welcome allison fraser, heritage foundation director of economic policy. i really can't stand that we are slipping in this rating. i want america first. what's gone wrong here? >> this is no surprise. as you said it's the fourth year we have slipped. we are in seventh place. the heritage index of economic freedom has shown the same thing. one of the major reasons is we have a deaf sut and debt crisis that washington is simply not dealing with. one of the major issues that is confronting washington and really the larger economy today. major part of the fiscal cliff. >> they say it's no longer reliable. that just gets the hair on the back of my head up. my blood boiling. this has to change. >> i couldn't agree more. let me make different points though. first of all, this may surprise y
first of all we have the highest corporate tax rate in the world, an unsolved fiscal cliff. business uncertainty over taxes, spending, deficits and political deadlock. what did we do four years ago and what's going to be done to stop this decline? we have cnbc contributor jared bernstein, and we welcome allison fraser, heritage foundation director of economic policy. i really can't stand that we are slipping in this rating. i want america first. what's gone wrong here? >> this is no...
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Nov 11, 2012
11/12
by
WBAL
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eye 129
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let's talk about the first order of business. that fiscal cliff that's coming. the two main players have said they know they have to deal with it. the president says he's determined to find compromise. >> i want to be clear. i'm not weded to every detail of my plan. i'm open to compromise. i'm open to new ideas. i'm committed to solving our fiscal challenges. chris: but john boehner is holding firm against one of the president's main campaign pledges. >> everyone wants to get our economy moving again, everyone wants to get more americans back to work again. raising tax rates will slow down our ability to create the jobs that everyone says they want. chris: in your book, the price of politics, a heck of a book. you talk about how debt negotiations fell apart the last time, we tried it in the summer of 2011. will the speaker, we just saw, have the strength to lead his party even if he has to fight for the tea party? >> their camouflage is tax reform and they're going to do that over time. so the rates could come down. the really interesting thing is when you exami
let's talk about the first order of business. that fiscal cliff that's coming. the two main players have said they know they have to deal with it. the president says he's determined to find compromise. >> i want to be clear. i'm not weded to every detail of my plan. i'm open to compromise. i'm open to new ideas. i'm committed to solving our fiscal challenges. chris: but john boehner is holding firm against one of the president's main campaign pledges. >> everyone wants to get our...
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Dec 26, 2012
12/12
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FOXNEWSW
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>> the fiscal cliff puts it in jeopardy. many are afraid to invest in their business and hire new workers. make plans. >> no longer vetting a deal is done by new year's eve f. one comes by early january definitely a possibility. the economic impact should be minim minimal. if one comes later than that the damage to the economy is already done and you will see more talk of recession and analysts started cutting the earnings growth in the fourth quarter. >> one thing they don't like is uncertainty. apple released a new product and there will be another new product. >> now that you got them under the christmas tree. a man who has been right predicting apple products before a 5th generation ipad will look like the mini but some what thinner narrower and shorter than a regular ipad so not as small. apple is working on another generation of the ipad mini. it could be two new products. >> we could have just wasted our money at christmastime. >> sales were down from what was expected. >> yeah, the holiday shopping season a disappoin
>> the fiscal cliff puts it in jeopardy. many are afraid to invest in their business and hire new workers. make plans. >> no longer vetting a deal is done by new year's eve f. one comes by early january definitely a possibility. the economic impact should be minim minimal. if one comes later than that the damage to the economy is already done and you will see more talk of recession and analysts started cutting the earnings growth in the fourth quarter. >> one thing they don't...
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Dec 26, 2012
12/12
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CNBC
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the fiscal cliff makes me uncertain as a business owner. makes me wonder should i expand, should i hire more people, do i need to lay people off? the bottom line, we're at this point because of the lack of leadership. it's an embarrassment how washington's acting. i am begging somebody in washington, step up. be accountable. take responsibility, and solve the root cause of these issues. [ male announcer ] feeling like a shadow of your former self? c'mon, michael! get in the game! [ male announcer ] don't have the hops for hoops with your buddies? lost your appetite for romance? and your mood is on its way down. you might not just be getting older. you might have a treatable condition called low testosterone or low t. millions of men, forty-five or older, may have low t. so talk to your doctor about low t. hey, michael! [ male announcer ] and step out of the shadows. hi! how are you? [ male announcer ] learn more at isitlowt.com. [ laughs ] hey! executor of efficiency. you can spot an amateur from a mile away... while going shoeless and meta
the fiscal cliff makes me uncertain as a business owner. makes me wonder should i expand, should i hire more people, do i need to lay people off? the bottom line, we're at this point because of the lack of leadership. it's an embarrassment how washington's acting. i am begging somebody in washington, step up. be accountable. take responsibility, and solve the root cause of these issues. [ male announcer ] feeling like a shadow of your former self? c'mon, michael! get in the game! [ male...
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we don't see any negativity coming out next weekend with the fiscal cliff business. if we don't do the parties say we are off the table right now, say a small rally going into the weekend. david: that is good news, thank you very much, appreciate it. liz: today president obama and house speaker john boehner spoke out about the troubles facing the nation. saying they need to work together. david: they always say that but when push comes to shove, will we see compromise on the critical issues? rich edson from the white house with details. is it going to happen? >> it is a little too early to tell, but look, the democrats campaign in raising taxes on those earning more than $250,000 per year and the voters he said have spoken. the white house later said the president would veto any bill that doesn't raise taxes on the wealthier taxpayers. he is willing to talk. >> i'm open to compromise. i'm open to new ideas. i'm committed to solving the fiscal challenge. but i refuse to accept any approach that isn't balanced. speak of the president said he invited readers to come ove
we don't see any negativity coming out next weekend with the fiscal cliff business. if we don't do the parties say we are off the table right now, say a small rally going into the weekend. david: that is good news, thank you very much, appreciate it. liz: today president obama and house speaker john boehner spoke out about the troubles facing the nation. saying they need to work together. david: they always say that but when push comes to shove, will we see compromise on the critical issues?...
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360
Jul 15, 2012
07/12
by
WMAR
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eye 360
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cliff that we're facing at the end of the year, those are the core issues that are going to drive voters in november. >> top republicans take your point, they say that governor romney has do a much better job of laying out an agenda for the future? our abc news/washington post poll shows that that can help him now. does governor romney need to put out more aggressive, bold, visionary agenda da? >> i think governor romney has a bold agenda moving forward that he's going reduce our debt, get our fiscal health in order. he has a tax reform plan, it's very different from the president's. not increasing taxes on small businesses. he as an agenda moving forward. it's very important. he has the experience to get americans working again. this president isn't focusing, he's focusing on these small things because he doesn't want to focus on the economy which is where we need leadership now in our country. >> finally, you have been mentioned as a possible vice presidential candidate. would kond leez sa rice be good? >> yes. >>> coming up, our powerhouse roundtable takes on the toughest week yet. >>
cliff that we're facing at the end of the year, those are the core issues that are going to drive voters in november. >> top republicans take your point, they say that governor romney has do a much better job of laying out an agenda for the future? our abc news/washington post poll shows that that can help him now. does governor romney need to put out more aggressive, bold, visionary agenda da? >> i think governor romney has a bold agenda moving forward that he's going reduce our...
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Nov 8, 2012
11/12
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KQED
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the president makes until january first. >> susie: and the fiscal cliff is a big worry for business leaders. the c.e.o. of caesars entertainment, tells us it'll be "very damaging" for his company. >> tom: that and more tonight on "n.b.r."! wall street greeted the election results with a big sell-off in stocks. investors dumped shares of almost every type, giving the s&p 500 it's worst day since june. beyond the u.s. elections, europe also brought fresh worries for investors with concerns in greece, and germany. here's how the numbers stacked up on wall street. the dow lost 312 points, at it's worst point of the day, the blue chip index was down 369 points. the nasdaq tumbled nearly 75 points and the s&p 500 off 33. suzanne pratt takes a look at where the market goes from here. >> reporter: let's be candid. this is not the election outcome that wall street wanted to see. after all many investors believe president obama's tax policies will hurt corporate profits. on top of that there's the likelihood of more regulation in the president's second term. those concerns were evident in sel
the president makes until january first. >> susie: and the fiscal cliff is a big worry for business leaders. the c.e.o. of caesars entertainment, tells us it'll be "very damaging" for his company. >> tom: that and more tonight on "n.b.r."! wall street greeted the election results with a big sell-off in stocks. investors dumped shares of almost every type, giving the s&p 500 it's worst day since june. beyond the u.s. elections, europe also brought fresh...
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Dec 26, 2012
12/12
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CNBC
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stick around for our cliff discussion and more video on the fiscal cliff as well. you're watching cnbc, first in business worldwide. what starts with adding a friend... ♪ ...could end with adding a close friend. the lexus december to remember sales event is on. this is the pursuit of perfection. your doctor will say get smart about your weight. that's why there's glucerna hunger smart shakes. they have carb steady, with carbs that digest slowly to help minimize blood sugar spikes. [ male announcer ] glucerna hunger smart. a smart way to help manage hunger and diabetes. i honestly loved smoking, and i honestly didn't think i would ever quit. [ male announcer ] along with support, chantix is proven to help people quit smoking. it reduces the urge to smoke. it put me at ease that you could smoke on the first week. [ male announcer ] some people had changes in behavior, thinking or mood, hostility, agitation, depressed mood and suicidal thoughts or actions while taking or after stopping chantix. if you notice any of these stop taking chantix and call your doctor righ
stick around for our cliff discussion and more video on the fiscal cliff as well. you're watching cnbc, first in business worldwide. what starts with adding a friend... ♪ ...could end with adding a close friend. the lexus december to remember sales event is on. this is the pursuit of perfection. your doctor will say get smart about your weight. that's why there's glucerna hunger smart shakes. they have carb steady, with carbs that digest slowly to help minimize blood sugar spikes. [ male...
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194
Jun 7, 2012
06/12
by
CNBC
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eye 194
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if we can't solve this fiscal cliff business with the congressional budget office saying no solution to the fiscal cliff there's going to be recession, i think the time for simpson/bowles is exactly this summer. if the big guys won't get to it, then let's bring in the other troops. let's bring in the calvary. >> i think about this guy who was a nobel-prize winning scientist who, you know, had a project that was running out of money, and he turned to his team and he said, hey, we're running out of money. now we got to start thinking. well, that's what america is. we're running out of money. now we got to start thinking. we got to make these tough political choices. we got to set priorities. if we do that, this country can compete with anybody. but if we don't, we're well on our way to becoming a second rate power. we've got to get to work and we got to do it now. >> amen. erskine bowles, thank you for your great service and appreciate you coming on the show. >> thank you, sir. >> up next, my exclusive sitdown interview with john boehner. he told me house republicans will pass a full t
if we can't solve this fiscal cliff business with the congressional budget office saying no solution to the fiscal cliff there's going to be recession, i think the time for simpson/bowles is exactly this summer. if the big guys won't get to it, then let's bring in the other troops. let's bring in the calvary. >> i think about this guy who was a nobel-prize winning scientist who, you know, had a project that was running out of money, and he turned to his team and he said, hey, we're...
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Dec 23, 2012
12/12
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WTTG
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. >> let's start off talking about the big issue, this fiscal cliff business. there's a lot of talk going on, but is there any real progress being made? >> well, not now. everybody's gone home for a cooling off period. people are home for christmas. the president's out in hawaii. i'm sure the staffs are working on it, but, boy, i have to say, like a lot of people, up till thursday, i thought there was, you know, lot of posturing, lot of jockeying, they were going to get a deal done because the alternative was so terrible. after republicans defeated their own speaker, speaker boehner's plan that would only have raised taxes on people making a million dollars or more, less than 1% of all taxpayers and they thought that was too extreme, i'm not sure we'll get a deal. you could see that in the markets on friday, which went down 100 points. >> another big issue that has everyone talking is what happened in newtown, connecticut, because that has sparked this gun control debate. no matter what side you're on, you'll be talking about that as well. >> we are, indeed. fi
. >> let's start off talking about the big issue, this fiscal cliff business. there's a lot of talk going on, but is there any real progress being made? >> well, not now. everybody's gone home for a cooling off period. people are home for christmas. the president's out in hawaii. i'm sure the staffs are working on it, but, boy, i have to say, like a lot of people, up till thursday, i thought there was, you know, lot of posturing, lot of jockeying, they were going to get a deal done...
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Dec 18, 2012
12/12
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CNBC
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how has the impending fiscal cliff affected your business? >> it's interesting. every client meeting i have starts off with what do you think about the fiscal cliff and what is that going to mean to me? should i wait on this decision going forth with my business to purchase something, leverage something, will my tax structure look different. maybe i should wait. >> postpone commitment, postpone decision making. if we do go over the cliff, what would that mean to your business? >> i think over the last number of years, this country has worked so hard to bring confidence back to the marketplace. i think this is the one event that would destroy that confidence that we've built up. if we destroy confidence, i think we're going to have a whole lot of small business owners who will postpone decisions, step on the break, slow things down. this whole concept of let's do no harm to the economy will be shattered. >> nobody likes to see taxes going up. second thing, it's okay if my taxes don't go up but yours do. do small business owners come to you and express their dismay
how has the impending fiscal cliff affected your business? >> it's interesting. every client meeting i have starts off with what do you think about the fiscal cliff and what is that going to mean to me? should i wait on this decision going forth with my business to purchase something, leverage something, will my tax structure look different. maybe i should wait. >> postpone commitment, postpone decision making. if we do go over the cliff, what would that mean to your business?...
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180
Dec 23, 2012
12/12
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CNNW
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eye 180
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on the way to avert the fiscal cliff, chow quinlan has put plans to expand her business on hold. she's worried because going over the clip will cost middle class families an estimated $2,000 a year. money people won't have to spend here. >> it's always challenging when you're in a recreational type of environment. because that's sometimes the first thing that people consider you know when they're evaluating their finances and what am i going to spend my money on. >> the fear that i have is that we're going to lose some customers, we're going to lose our shoppers and we've been here for ten years. >> for clothing store owner lindsay boucher. it's been a rough few years since the recession. now she says she's terrified we're on the verge of tumbling back in. >> i think the effects of them not coming up with a plan is going to be devastating and i see a huge, a bigger recession. >> the prospect of higher taxes next year means boucher is cutting back now. trimming staff for january and february, only buying clothing she's sure will sell. her goal, just to keep her business afloat. >>
on the way to avert the fiscal cliff, chow quinlan has put plans to expand her business on hold. she's worried because going over the clip will cost middle class families an estimated $2,000 a year. money people won't have to spend here. >> it's always challenging when you're in a recreational type of environment. because that's sometimes the first thing that people consider you know when they're evaluating their finances and what am i going to spend my money on. >> the fear that i...
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Nov 29, 2012
11/12
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MSNBCW
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but going over the fiscal cliff is serious business. and i'm here seriously trying to resolve it. and i would hope the white house would get serious, as well. >> is this assessment of yours based on the meeting with secretary geithner or your phone call with president obama last night and you can tell us something about that knophone c? >> we had very nice conversation last night. it was direct and straightforward. but this assessment i give you today would be a product of both of those conversations. >> how much would you be open to the idea of discretionary spending cuts as part of a down payment to give to a longer range solution on entitlements and tax reform? >> there are a lot of options on the table, including that one. >> mr. speaker, before the election, you were asked whether if obama won taxes would have to go up. and you've made it sound like you would oppose that. now you're acknowledging that they will. >> the day after the election, i came here and made it clear that republicans would put revenue on the table as a way to begin to move the process to get this resolve
but going over the fiscal cliff is serious business. and i'm here seriously trying to resolve it. and i would hope the white house would get serious, as well. >> is this assessment of yours based on the meeting with secretary geithner or your phone call with president obama last night and you can tell us something about that knophone c? >> we had very nice conversation last night. it was direct and straightforward. but this assessment i give you today would be a product of both of...
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Nov 27, 2012
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one way or another, that's about all i hear on this fiscal cliff business, and you know what? what about spending cuts which is the true source of the deficit problem along with anemic economic growth. and here's one. we just got confirmation that the latest fiscal numbers from the treasury department show the federal government ran up more red ink in october than it did the year before, and guess what? spending went up double digits from the year before. what a surprise. but the white house got one thing right today. it released a study showing that a massive year-end tax hike would kill consumer spending by $200 billion, right. so let's not raise taxes. and in addition to all of this, the joint chiefs of staff is apparently drawing up plans to keep 10,000 u.s. troops in afghanistan past the 2014 deadline. this break a president obama promise, but some promises are made to be broken, and i think this is probably a good move. but first up congress back at work tonight after the holiday recess with now just 35 days to go. are we any closer to a tax and fiscal cliff fix? cnbc's
one way or another, that's about all i hear on this fiscal cliff business, and you know what? what about spending cuts which is the true source of the deficit problem along with anemic economic growth. and here's one. we just got confirmation that the latest fiscal numbers from the treasury department show the federal government ran up more red ink in october than it did the year before, and guess what? spending went up double digits from the year before. what a surprise. but the white house...
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Aug 14, 2012
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think about the fiscal cliff still stopping small business. all right, joining me now is "forbes" magazine's executive editor. let me see if i can clear this out. what's your take on the economy? >> 8.3% unemployment. you're not going to see a sustained increase in retail sales. and worse, as far as i'm concerned is the labor participation rate is at 63.7%. it's been getting worse under president obama. normally during recoveries like we saw under reagan and clinton. it was 67% or higher. to me, that tells the story as far as future consumer spending is concerned. i'm getting tweets that's the paul ryan rally. let me ask you, is there a political dimension to this stock market? or is it too soon? >> i think there is. look, the s&p 500 right now is priced at only 13 times forward earnings. that's pretty cheap right now. if you consider that 95% of the businesses in this country take their income, the profits from the businesses as personal income and they're taxed that way, you look at the ryan plan of reducing tax rates across the board, that'
think about the fiscal cliff still stopping small business. all right, joining me now is "forbes" magazine's executive editor. let me see if i can clear this out. what's your take on the economy? >> 8.3% unemployment. you're not going to see a sustained increase in retail sales. and worse, as far as i'm concerned is the labor participation rate is at 63.7%. it's been getting worse under president obama. normally during recoveries like we saw under reagan and clinton. it was 67%...
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Nov 9, 2012
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. >> jimmy, you're going to have a test now with this fiscal cliff business. will the republican leadership stay true to their economic principles, namely limited government, lower spending, low tax rate reform, et cetera, et cetera? or are they going to sound like democrats? in other words, everybody wants a deal, jimmy, but a bad deal be a bad idea. >> we have an economy which is not particularly strong. the last thing it needs is a bunch of tax hikes. i was heartened that speaker boehner said he was against raising marginal tax rate. there's other ways you can get revenue, whether through growth, getting rid of crony capitalist tax deductions. i think that's a great place to draw a line in the sand. >> we can't cave on -- >> jennifer ruben, you're not so much the economist. how do we right now, how does the gop get off to a better start on attracting a more inclusive party? what ed rodgers called a big tent. i rather like that notion of a big tent. not all conservatives do. darn it, i'm a conservative. conservatives should be a big tent regarding latinos an
. >> jimmy, you're going to have a test now with this fiscal cliff business. will the republican leadership stay true to their economic principles, namely limited government, lower spending, low tax rate reform, et cetera, et cetera? or are they going to sound like democrats? in other words, everybody wants a deal, jimmy, but a bad deal be a bad idea. >> we have an economy which is not particularly strong. the last thing it needs is a bunch of tax hikes. i was heartened that speaker...
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Aug 9, 2012
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the fiscal cliff. >> businesses are saying they're not doing anything until they get some clarity. >> we're moving into september, they're not doing anything for the west of the year anyway. they can say they're not doing anything, but they're budget is spent. in the lame duck session, there is a lot of work done that sets the teenage in the next congress, irrespective of who the president is. from what i hear, it's not something people are thinking about in washington. >> i hope ron is right and we see something in the lame duc congress. >> you're saying the lame duck congress, when? this year? >> of course, they come back, they will have to do something. they already passed a sixth month budget that gets us through march of next year, they have to do some things to stall that. if the republicans take the house, keep the senate, irrespective of what happens in the senate, it will be fiscal rectatude. >> up next, they supported his election four years ago but wall street and corporate america may be closing the wallet on president obama. >> they are spending more time raising money t
the fiscal cliff. >> businesses are saying they're not doing anything until they get some clarity. >> we're moving into september, they're not doing anything for the west of the year anyway. they can say they're not doing anything, but they're budget is spent. in the lame duck session, there is a lot of work done that sets the teenage in the next congress, irrespective of who the president is. from what i hear, it's not something people are thinking about in washington. >> i...
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Aug 6, 2012
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fiscal cliff. massive tax increases and spending cuts at the same time. which is, of course, recipe for recession. chris edwards says this is hurting the economy and businesses right now. cn the economic impact stoetly overrated. joe, you say this is an overblown situation. explain. >> well, maria, we have been talking about this, many have, since march. it has been out there in the marketplace for a while. if you look at capital spending, it has been growing at 6% annualized rate in the first half of the year. job growth has been averaging about 150,000 a month. same pace that it was last year. it is not a great economic environment but it is one we keep trending along and many in the market realize that ultimately this cliff will be del aid and pushed out and somehow reconciled in some way. >> you think it will be reconciled in some way. that's what we were talking about last summer. with the debt ceiling debate. and for -- month and a half or two months, americans just waited to see what would h
fiscal cliff. massive tax increases and spending cuts at the same time. which is, of course, recipe for recession. chris edwards says this is hurting the economy and businesses right now. cn the economic impact stoetly overrated. joe, you say this is an overblown situation. explain. >> well, maria, we have been talking about this, many have, since march. it has been out there in the marketplace for a while. if you look at capital spending, it has been growing at 6% annualized rate in the...
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Nov 7, 2012
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we'll be able the s fiscal cliff business time.ching "the daily rundown" on msc. ♪ úi úq c,opies of my acceptance speech. great! it's always good to have a backup plan in case i get hit by a meteor. wow, your hair looks great. hotoshop here.on those mugs.u're drinking. know, i'm glad we're both running a nice, clean race. here's your "honk if y had an affair with taylor" yard sign. [ male announcer ] fedex office. now save 50% on banners.áhaátmqc >>> as ive been shown the door. repre some form of -election.o name here. pete stark. that forever. he's not coming back. ward#g richardson. getting robert dold.biggt, bobby schilling, joe awalsh. leonard boswell lost. in republicans charlie ousted 6÷ incumbentsents larry lvania democrat mark critz and it,p chandler may lose. ran for the time a row against andybarr. each other. benay mayn. which may be bad news for mitch mcconnell. i'll explain in a minute.;z job you're mitch mcconnellr re-election. >> it'll be see how the minority handles politics heading into his oelection as you just eluded to. >> he's in a vice grip. he's got a p challe
we'll be able the s fiscal cliff business time.ching "the daily rundown" on msc. ♪ úi úq c,opies of my acceptance speech. great! it's always good to have a backup plan in case i get hit by a meteor. wow, your hair looks great. hotoshop here.on those mugs.u're drinking. know, i'm glad we're both running a nice, clean race. here's your "honk if y had an affair with taylor" yard sign. [ male announcer ] fedex office. now save 50% on banners.áhaátmqc >>> as ive...
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Dec 28, 2012
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, businesses bracing for the fiscal cliff. we'll ask chairman and ceo thomas fanning if the deal is possible and how his company is preparing for the cliff. >> still ahead, as we approach the fiscal cliff, hopes for a debt deal are fading. we'll talk to strategists from both parties about how to prevent disaster, and what happens if we go over the cliff. judd gregg and julie epstein will join us at the top of the hour. you won't take my life. you won't take our future. aids affects us all. even babies. chevron is working to stop mother-to-child transmission. our employees and their families are part of the fight. and we're winning. at chevron nigeria, we haven't had a reported case in 12 years. aids is strong. aids is strong. but we are stronger. and aids... ♪ aids is going to lose. aids is going to lose. ♪ with scottrader streaming quotes, any way you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real time. which makes it just like having your own trading floor, ri
, businesses bracing for the fiscal cliff. we'll ask chairman and ceo thomas fanning if the deal is possible and how his company is preparing for the cliff. >> still ahead, as we approach the fiscal cliff, hopes for a debt deal are fading. we'll talk to strategists from both parties about how to prevent disaster, and what happens if we go over the cliff. judd gregg and julie epstein will join us at the top of the hour. you won't take my life. you won't take our future. aids affects us...
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Nov 7, 2012
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then it's fiscal cliff business time. you're watching "the daily rundown" on msnbc. ♪ bob... oh, hey alex. just picking up some, brochures, posters copies of my acceptance speech. great! it's always good to have a backup plan, in case i get hit by a meteor. wow, your hair looks great. didn't realize they did photoshop here. hey, good call on those mugs. can't let 'em see what you're drinking. you know, i'm glad we're both running a nice, clean race. no need to get nasty. here's your "honk if you had an affair with taylor" yard sign. looks good. [ male announcer ] fedex office. now save 50% on banners. >>> as of right now there are 19 incumbents in the house that have been shown the door. 30 representatives who ran for some form of re-election. i want to go through them with you. in california a big name here. pete stark. that guy's been in congress forever. he's not coming back. howard berman. he's not. joe baca, laura richardson. david rivera not getting back. and robert dold. he joind judy biggert, bobby schilling, joe a walsh. leonard boswell lost. in new hampshire republi
then it's fiscal cliff business time. you're watching "the daily rundown" on msnbc. ♪ bob... oh, hey alex. just picking up some, brochures, posters copies of my acceptance speech. great! it's always good to have a backup plan, in case i get hit by a meteor. wow, your hair looks great. didn't realize they did photoshop here. hey, good call on those mugs. can't let 'em see what you're drinking. you know, i'm glad we're both running a nice, clean race. no need to get nasty. here's your...
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Dec 28, 2012
12/12
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the fiscal cliff is still a few days away, but business owner don carlino says he's already feeling the impact. >> a lot of our customers are holding back, they're apprehensive. they're not committing to projects. they're waiting to see what happens with the fiscal cliff. >> hope is fact if congress can get it done before january 1st. even congressional leaders are skeptical. >> the american people have a right to be very upset with this congress. >> president obama has invited nancy pelosi, john boehner, mitch mcconnell, and harry reid to the white house this afternoon for a fiscal cliff summit. >> here we are five days from the new year, and we might finally start talking. >> today's white house meeting might be the last chance to come to an agreement. that's because it takes time for a bill to work its way through both chamber of commerce. >> i don't know time wise how it can happen now. >> under senate rules, the only way a bill could make its way through the procedural hurdles in time is if every senator agrees not to. they'll have 24 hours. outside the beltway, carlino will be wat
the fiscal cliff is still a few days away, but business owner don carlino says he's already feeling the impact. >> a lot of our customers are holding back, they're apprehensive. they're not committing to projects. they're waiting to see what happens with the fiscal cliff. >> hope is fact if congress can get it done before january 1st. even congressional leaders are skeptical. >> the american people have a right to be very upset with this congress. >> president obama has...
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Nov 14, 2012
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. >> let's talk for a moment first about the fiscal cliff. the business leaders who came in following, of course, the labor leaders and others who came in yesterday to talk about the bargaining and the terms of reference, what did he hear from the business community about what bargains points he should be making and how important it is or isn't to avoid the fiscal cliff? >> the business community wants certainty. that's what they care more about anything else. they want certainty. the question is going to be how much of an ally can they be to the president. he has a specific goal he has in mind. decoupling the bush tax rates if you will, for the wealthy, 250 for couples and above and everybody else. it's a bill that's already passed the senate. the president wants to get that enacted into law and then have the discussion about tax reform. and i -- the question is going to be, does he try to get the business community's support on that front and say look, i can get you certainty for a year as we do the larger conversation on corporate and pers
. >> let's talk for a moment first about the fiscal cliff. the business leaders who came in following, of course, the labor leaders and others who came in yesterday to talk about the bargaining and the terms of reference, what did he hear from the business community about what bargains points he should be making and how important it is or isn't to avoid the fiscal cliff? >> the business community wants certainty. that's what they care more about anything else. they want certainty....
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Nov 12, 2012
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you need the business community to speak up on the fiscal cliff and the need for revenues. you need people like romney and jeb bush and others to talk about doing a comprehensive immigration reform so that the republicans who have the courage to stand up, and tom coburn has had that courage, don't just hear from the shrill right. and graham is willing to do it on immigration. he's going to say that this morning. we need other people to do the same. >> we will leave it there as this debate continues. senators, thank you both very much. >> you're welcome. >>> coming up here, you heard where both sides stand. we're going to have some reaction to these two senators and analysis on where the negotiations go from here. >>> also, the economic stakes. if lawmakers can't get a deal, what does it mean to all of us? we will check in with the host of cnbc's "mad money," that's jim cramer. >>> also, we'll talk more broadly about the politics post-election and more on the petraeus 1k57b8d that's unfolding around this roundtable. joaquin castro from texas, doris kearns goodwin, historian,
you need the business community to speak up on the fiscal cliff and the need for revenues. you need people like romney and jeb bush and others to talk about doing a comprehensive immigration reform so that the republicans who have the courage to stand up, and tom coburn has had that courage, don't just hear from the shrill right. and graham is willing to do it on immigration. he's going to say that this morning. we need other people to do the same. >> we will leave it there as this debate...
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Nov 30, 2012
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. >>> if we go over the fiscal cliff, global business travel association estimates that u.s. biz travel spending will take a $20 billion hit in the short term. but how about the long term outlook? find out next. [ male announcer ] you are a business pro. governor of getting it done. you know how to dance... with a deadline. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. this is awesome. [ male announcer ] yes, it is, business pro. yes, it is. go national. go like a pro. >>> what are the long term effects for business travel if the economy falls off the fiscal cliff? the gbta predicts the reduced deficits and lower interest rates will lead to growth in the economy and an increase in business travel spending. >>> welcome back. now to the weather channel. reynolds wolf is standing by. what is happening around the country today? >> the story is all west. everything is taking place out west. rain, some strong winds, even some snow. some places snow getting
. >>> if we go over the fiscal cliff, global business travel association estimates that u.s. biz travel spending will take a $20 billion hit in the short term. but how about the long term outlook? find out next. [ male announcer ] you are a business pro. governor of getting it done. you know how to dance... with a deadline. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the...
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Nov 14, 2012
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it's not so much a fiscal cliff. like i said, the payroll tax, it's like a bathtub filling with water that's going to spill over the sides. it's inconvenient, but it will take it a while before it ruins your house. we just had a two-year long campaign about these issues. americans believe by 50% not to mention 55 seats in the senate, that the democrats plan is better and i think probably time for the republican party, yes, barack obama negotiate d a bad deal a year ago, to roll over and say look, we're going to go with the mandate the president has. >> all right, we'll see. thanks so much. >> thank you. >> we'll bring you the president's news conference later this afternoon. 1:30 eastern time we think, so tune in to cnn for special coverage with wolf blitzer. that begins at 1:00 eastern. [ female announcer ] introducing yoplait greek 100. 100% new. ♪ 100% greek. 100% mmm... ♪ oh wow, that is mmm... ♪ in fact it's so mmm you might not believe it's a hundred calories. well ok then, new yoplait greek 100. it is so
it's not so much a fiscal cliff. like i said, the payroll tax, it's like a bathtub filling with water that's going to spill over the sides. it's inconvenient, but it will take it a while before it ruins your house. we just had a two-year long campaign about these issues. americans believe by 50% not to mention 55 seats in the senate, that the democrats plan is better and i think probably time for the republican party, yes, barack obama negotiate d a bad deal a year ago, to roll over and say...
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Dec 24, 2012
12/12
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>> nominal is, you know, real plus inflation. >> right. >> and the fiscal cliff business is a big deal. it's a potentially big game changer. i didn't think there was a chance we would go over really until the last couple of days. now i'm thinking there could be a bungee jump where you go over for a couple days and come back. >> if you're a market timer and you believe in your bungee do you think there's going to be an opportunity? >> absolutely. because i truly believe. the good news is, is this is setting ourselves up for true entitlement and tax reform in 2013. it could be six months from now. it could be a very difficult first six months. >> you're looking for a baby deal now? >> there's probably going to have to be a baby deal, partly because of amt. you cannot retro actively fix amt. that would hit millions of people. it's a very, very big deal. very, very costly. everyone would get blamed for it. then there's another things that are part of the deal that you could wait for. payroll tax, that's $160 million. we have obama care taxes. we know those are going through. >> the payroll
>> nominal is, you know, real plus inflation. >> right. >> and the fiscal cliff business is a big deal. it's a potentially big game changer. i didn't think there was a chance we would go over really until the last couple of days. now i'm thinking there could be a bungee jump where you go over for a couple days and come back. >> if you're a market timer and you believe in your bungee do you think there's going to be an opportunity? >> absolutely. because i truly...